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Sunvim Group Co (SZSE:002083) Days Inventory : 91.07 (As of Mar. 2024)


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What is Sunvim Group Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sunvim Group Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥1,086 Mil. Sunvim Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,088 Mil. Hence, Sunvim Group Co's Days Inventory for the three months ended in Mar. 2024 was 91.07.

The historical rank and industry rank for Sunvim Group Co's Days Inventory or its related term are showing as below:

SZSE:002083' s Days Inventory Range Over the Past 10 Years
Min: 88.84   Med: 139.87   Max: 229.94
Current: 88.84

During the past 13 years, Sunvim Group Co's highest Days Inventory was 229.94. The lowest was 88.84. And the median was 139.87.

SZSE:002083's Days Inventory is ranked better than
68.97% of 1012 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.41 vs SZSE:002083: 88.84

Sunvim Group Co's Days Inventory increased from Mar. 2023 (87.31) to Mar. 2024 (91.07). It might indicate that Sunvim Group Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sunvim Group Co's Inventory Turnover for the three months ended in Mar. 2024 was 1.00.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Sunvim Group Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.82.


Sunvim Group Co Days Inventory Historical Data

The historical data trend for Sunvim Group Co's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Sunvim Group Co Days Inventory Chart

Sunvim Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 122.64 122.80 112.66 104.34 92.26

Sunvim Group Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 87.31 93.34 85.43 84.06 91.07

Competitive Comparison of Sunvim Group Co's Days Inventory

For the Textile Manufacturing subindustry, Sunvim Group Co's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sunvim Group Co's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Sunvim Group Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Sunvim Group Co's Days Inventory falls into.



Sunvim Group Co Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Sunvim Group Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Days Inventory (A: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (1177.538 + 1076.02) / 2 ) / 4458.005*365
=1126.779 / 4458.005*365
=92.26

Sunvim Group Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (1076.02 + 1096.67) / 2 ) / 1088.465*365 / 4
=1086.345 / 1088.465*365 / 4
=91.07

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Sunvim Group Co  (SZSE:002083) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Sunvim Group Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Sunvim Group Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


Sunvim Group Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Sunvim Group Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Sunvim Group Co (SZSE:002083) Business Description

Traded in Other Exchanges
N/A
Address
No. 1 Furi Street, Weifang, Shandong, CHN, 261500
Sunvim Group Co Ltd is engaged in the manufacturing and distribution of home textile products like the bath towel, towelling blanket, decorative cloth, tablecloth, napkin, bedding fabrics, and yarns.
Executives
Sun Hao Bo Directors, executives
Zhou Wen Guo Supervisors
Wang Ju Zhang Supervisors
Wu Ming Feng Directors, executives
Yu Cong Hai Director
Sun Ri Gui Directors, executives
Yan Yong Xuan Director
Qin Bo Supervisors
Fu Pei Lin Director
Qi Zong Zhong Supervisors
Zhang Shu Ming Supervisors
Zhang Guo Hua Director
Li Zhong Wei Director
Sun Yong Directors, executives
Yan Tang Director

Sunvim Group Co (SZSE:002083) Headlines

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